Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, is racing towards the $24,000 mark as it’s on a steady growth spell over the last few days. Other popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP), all managed to land in the greens on early Tuesday morning. Among lesser-known altcoins, the Celsius (CEL) token emerged to be the biggest gainer in terms of price over the last 24 hours. On the other hand, Lido DAO (LDO) turned out to be the biggest loser.
At the time of writing, the global crypto market cap stood at $1.13 trillion as per CoinMarketCap data, registering a 24-hour gain of 1.92 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $23,855. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 2.32 percent. As per Indian exchange WazirX, BTC price stood at Rs 18.31 lakhs.
Ethereum (ETH) price today
With a 24-hour gain of 3.98 percent, ETH price stood at $1,779.14. As per WazirX, Ethereum price in India stood at Rs 1.37 lakhs.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 1.08 percent as per CoinMarketCap data, currently priced at $0.07071. As per WazirX, Dogecoin price in India stood at Rs 5.54.
Litecoin (LTC) price today
Litecoin registered a gain of 1.91 percent over the past 24 hours. At the time of writing, it was priced at $62.35. LTC price in India stood at Rs 4,701.01.
Ripple (XRP) price today
XRP price stood at $0.3774, seeing a 24-hour gain of 1.05 percent. As per WazirX, Ripple price stood at Rs 28.48.
Solana (SOL) price today
Solana price stood at $42.44, marking a 24-hour gain of 1.11 percent. As per WazirX, SOL price in India stood at Rs 3,210.01.
Top crypto gainers today (August 9)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 29.37 percent
24-hour gain: 14.59 percent
The Graph (GRT)
24-hour gain: 14.45 percent
24-hour gain: 8.94 percent
24-hour gain: 6.65 percent
Top crypto losers today (August 9)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Lido DAO (LDO)
24-hour loss: 4.91 percent
24-hour loss: 4.47 percent
24-hour loss: 3.70 percent
UNUS SED LEO (LEO)
24-hour loss: 1.90 percent
Theta Network (THETA)
24-hour loss: 1.88 percent
What crypto exchanges are saying about the current market scenario
“Bitcoin price has been continuously falling from an all-time high of $64,400 to the current price of $24,168. This dip has encouraged investors to increase their Bitcoin holding, increasing the number of Bitcoin wallets holding more than one BTC by 10 percent (YTD). Currently, over 892,100 wallet addresses have more than 1 BTC, reaching an all-time high. All the 21 million bitcoins are expected to be in circulation by 2140, of which about 19 million were already mined. The number indicates that most people hold only fractions of a coin in their wallets,” Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live. “On the price action front, the cryptocurrency market seems to have a slow yet steady recovery. It could be a good time to ramp up your systematic regular investments into crypto if you have not already started.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “Monday was strong for crypto markets. While the day started with a flat note, the momentum got picked up by the mid-day and saw an increase in prices by up to 4 percent. Alternate blockchain tokens were more bullish to hit 6 percent gains. However, as the day was getting to an end, corrections triggered in and the market had to settle for a net gain of 2-3 percent across all major coins and tokens”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.